Russia: Sberbank's $42mln action against Cargo JFC suspended
The suspension has come about whilst it is considered whether the bank can enter the creditor claims register, as Cargo JFC has filed for bankruptcy.
Currently creditors are claiming a total of 5 billion rubles, or $149.44 million US, from Cargo JFC. There is a further claim from Sberbank, for $92.65 million, which will be heard on June 20th by the Moscow Commercial Court. The Moscow court will also be considering the claims of Raiffeisenbank, for somewhere in the region of $14.94 million.
JFC Director. Vladimir Kakhman, says he is working towards resolving the company's financial problems and is drawing up a new business plan, which is expected to be ready in around three months.
Source: rapsinews.com
